Subnational government climate finance — Climate significant in Iceland
Iceland: Subnational government climate finance — Climate significant was 1.03 Percentage of GDP in 2023. ▲ Rising
Subnational government climate finance — Climate significant in Iceland, 2001–2023
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
Iceland recorded 1.03 Percentage of GDP for subnational government climate finance — climate significant in 2023.
Compared with earlier readings it is up 4.1% on the previous year and up 40.5% over ten years.
Over the whole period, subnational government climate finance — climate significant in Iceland peaked at 1.04 Percentage of GDP in 2020 and was at its lowest, 0.733 Percentage of GDP, in 2013.
Iceland ranks 30th of 31 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 23 years of available data.
Subnational government climate finance — Climate significant in Iceland, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2001 | 0.891 Percentage of GDP | — |
| 2002 | 0.879 Percentage of GDP | -1.3% |
| 2003 | 0.899 Percentage of GDP | +2.3% |
| 2004 | 0.839 Percentage of GDP | -6.7% |
| 2005 | 0.838 Percentage of GDP | -0.1% |
| 2006 | 0.819 Percentage of GDP | -2.3% |
| 2007 | 0.794 Percentage of GDP | -3.1% |
| 2008 | 0.819 Percentage of GDP | +3.1% |
| 2009 | 0.849 Percentage of GDP | +3.7% |
| 2010 | 0.774 Percentage of GDP | -8.8% |
| 2011 | 0.745 Percentage of GDP | -3.7% |
| 2012 | 0.749 Percentage of GDP | +0.5% |
| 2013 | 0.733 Percentage of GDP | -2.1% |
| 2014 | 0.796 Percentage of GDP | +8.6% |
| 2015 | 0.789 Percentage of GDP | -0.9% |
| 2016 | 0.81 Percentage of GDP | +2.7% |
| 2017 | 0.815 Percentage of GDP | +0.6% |
| 2018 | 0.876 Percentage of GDP | +7.5% |
| 2019 | 0.856 Percentage of GDP | -2.3% |
| 2020 | 1.04 Percentage of GDP | +22.1% |
| 2021 | 1.01 Percentage of GDP | -3.4% |
| 2022 | 0.989 Percentage of GDP | -2.0% |
| 2023 | 1.03 Percentage of GDP | +4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.8474 Percentage of GDP | 0.794 Percentage of GDP | 0.899 Percentage of GDP | 9 |
| 2010s | 0.7943 Percentage of GDP | 0.733 Percentage of GDP | 0.876 Percentage of GDP | 10 |
| 2020s | 1.02 Percentage of GDP | 0.989 Percentage of GDP | 1.04 Percentage of GDP | 4 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Manufacturing, value added (current US$), per unit of GDP 0.0853 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 8,386 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 10.96 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 1.08 million current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.051 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 5,012 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 729,781 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 16.18 % change on previous year (2025)
Frequently asked questions
- What is subnational government climate finance — climate significant in Iceland?
- Subnational government climate finance — climate significant in Iceland was 1.03 Percentage of GDP in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest subnational government climate finance — climate significant recorded in Iceland?
- The highest recorded value was 1.04 Percentage of GDP in 2020.
- What is the lowest subnational government climate finance — climate significant recorded in Iceland?
- The lowest recorded value was 0.733 Percentage of GDP in 2013.
- How does Iceland rank for subnational government climate finance — climate significant?
- Iceland ranks 30th out of 31 countries with data for 2023.
- Is subnational government climate finance — climate significant rising or falling in Iceland?
- Over the last ten years it is up 40.5%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Subnational government climate finance — Climate significant expenditure. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 23 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
The Subnational Government Climate Finance database provides comparable data on subnational public climate-significant expenditure and investment, covering the years from 2001 to 2023, for 33 OECD and EU countries. This database was built using a pioneer methodology developed in the framework of the project “Financing Climate Action in Regions and Cities”, a joint 2022 project between the OECD and the European Commission Directorate-General for Regional and Urban Policy (DG REGIO). The methodology relies on a refined approach to the COFOG classification from the System of National Accounts. Using the EU taxonomy for sustainability activities, three first-level COFOG functions (economic affairs and housing and community amenities) and 13 second-level COFOG functions (e.g. transport and energy, environmental protection, waste, water management, housing development) were identified as being “climate-significant”, meaning that expenditure and investment in these areas contributes, to some extent, to climate adaptation or mitigation objectives. For more information on the methodology used and related work on climate finance tracking, please visit: Tracking subnational government climate expenditure